Aerospace and defence company Hindustan Aeronautics Limited (HAL) has reportedly offered to manufacture 40 additional Sukhoi-30MKI fighter jets for the Indian Air Force (IAF).

The multi-role aircraft will be built at a price of Rs4.25bn ($62.52m), which is reported to be about one-third of the cost of the Rafale fighter jet, reported Business Standard.

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HAL chairman T Suvarna Raju was quoted by Business Standard as saying: “We will offer a very competitive price.

Raju added: “Since 2010, we have been delivering the Su-30 at Rs4.25bn. We can deliver another three squadrons at that same price.”

“HAL has already absorbed the technology for building and supporting the Su-30s. Now, the aim is to build those three new squadrons as quickly, and as cheaply, as possible.”

“The aim is to build those three new squadrons as quickly, and as cheaply, as possible.”

The company is currently building Su-30 fighter jets at its aircraft division Nashik in the Indian state of Maharashtra.

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The HAL’s Nasik facility carries out manufacturing works, as well as repair and overhauling activities of Su-30 MKI.

Developed by Russia’s Sukhoi, the Su-30 MKI multi-role combat fighter aircraft may be integrated with the air-launched version of BrahMos medium-range supersonic cruise missiles.

Raju further stated: “We are required to modify 40-odd Su-30s to carry the BrahMos air-launched cruise missile (ALCM).

“Instead of upgrading older fighters with a shorter residual lifespan, it would be better to build three more squadrons of Sukhois with the capability to carry BrahMos missiles.”